All PAT contributors enrolled on Pensions Alliance Trust Tier 3 and Enidaso Wealth Builder Pension Scheme will automatically enjoy PenSure.
Speaking at the launch, the CEO of PAT, Ras Boateng, stated that the partnership with Allianz Life Insurance will enable PAT contributors to enjoy even more value from their pension contributions as they do not have to wait until retirement to begin to reap these extra benefits.
Commenting on the essence of planning for one’s retirement, Mr. Boateng said “So long as you find yourself in the corporate world, you will one day retire. The issue is, would you want to retire in wealth or in poverty?”
According to the CEO of Allianz Life Insurance Ghana, Gideon Ataraire, over the years the company has curated the art of creating life insurance policies that are sensitive to the needs of people and has several partnerships with corporate entities in order to ensure that as many people are covered by life insurance as possible. He added that in partnering Pensions Alliance Trust, the two companies are able to leverage their respective expertise to service the insurance needs of PAT’s pension contributors. As per Gideon, “In our over 130 years of existence, Allianz as a global company has been here through the 1st and 2nd World Wars, the Great Depression, the Spanish Flu and now the COVID-19 pandemic. Because of all that we have seen and been through as a company, you can rest assured that we will always be here to pay your claims”
The launch event which took place at the Head office of PAT was attended by the regulators of both companies with Mr. Ernest Amartey-Vondee, Director in charge of Planning, Research, Monitoring and Evaluation, representing the National Pensions Regulatory Authority (NPRA); and Mr. Charles Ansong Dankyi, Head of Marketing and External Relations, representing the National Insurance Commission (NIC).
In his remarks, Mr Amartey- Vondee of the NPRA said, “We are very excited about a product this innovative. Let’s see how we can make retirement income secure for the ordinary Ghanaian.”
On his part, Mr. Dankyi of the NIC added, “This is indeed a great product to enable you secure your pension & secure your future.”
ABOUT ALLIANZ LIFE INSURANCE
On May 24th 2018, Allianz officially launched its life insurance operations in Ghana. The company offers savings plans, education plans, funeral and term life policies and hospitalization benefit plans for both the retail and microinsurance markets as well as group life products for companies, SMEs, groups and associations.
Allianz Life Ghana is a part of the Allianz Group, one of the world's leading insurers and asset managers with more than 100 million retail and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance.
Allianz is one of the world’s largest investors, managing around 582 billion euros on behalf of its insurance customers. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold the leading position for insurers in the Dow Jones Sustainability Index. In 2020, over 150,000 employees achieved total revenues of 140 billion euros and an operating profit of 10.8 billion euros.
Allianz is proud to be the Worldwide Olympic & Paralympic Insurance Partner from 2021 to 2028.
In Africa, Allianz is currently present in 12 countries and accompanies clients in 49 markets. Its 1.167 employees achieved regional revenues of 371 million euros in 2020. Allianz also provides micro-insurance for 1.7mn low-income families and individuals in Africa.
ABOUT PENSIONS ALLIANCE TRUST (PAT)
Pensions Alliance Trust is a privately owned Corporate Pensions Trust founded in 2010 in full compliance with Ghanaian Pension Laws and licensed to operate as an administrator/manager of Occupational Pension (Tier 2) and Provident Fund or Voluntary/Personal Pension (Tier 3) schemes.
The Company prides itself on its management team‘s combined sixty-seven (67) years of industry experience in Ghana and abroad.
Its client-centered corporate culture, analytical discipline supported by a robust technology platform, adherence to regulatory rules and guidelines, and fiduciary duty assures its Clients of outmost creativity and completeness in the design and management of their schemes.
Working closely with its carefully selected fund managers, PAT implements an opportunistic approach which generates investment ideas based on a thorough understanding of key investment themes and a structural view on the critical macro-economic and technical factors that will influence the performance of the Ghanaian capital markets and individual asset classes. The combination of its proficient risk/return analysis and commitment to excellence enables delivery of high risk-adjusted return on investment for Contributors.
PAT continuously educates and deepens the awareness of its Contributors on retirement planning and old-age financial security. They are committed to remain at the forefront of the pension trustee industry.